Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia
PRMNTO01CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.77
Year-over-Year Change
1.48%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic trend measures the production volume of the manufacturing sector in Czechia, providing insights into the overall level of economic activity in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia series tracks the output of the manufacturing industry, which is a crucial component of the Czech economy. This indicator is widely used by economists and policymakers to assess the health and performance of the country's industrial sector.
Methodology
The data is collected and calculated by the Czech Statistical Office based on surveys of manufacturing companies.
Historical Context
This trend is closely monitored by the Czech National Bank and other institutions to inform economic policy decisions.
Key Facts
- Manufacturing accounts for over 30% of Czechia's GDP.
- Czechia is a major exporter of machinery, vehicles, and electronics.
- The manufacturing sector employs approximately 1.5 million people in Czechia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in Czechia, providing an indicator of the overall level of economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a crucial component of the Czech economy, and this trend is widely used by economists and policymakers to assess the health and performance of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office based on surveys of manufacturing companies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Czech National Bank and other institutions to inform economic policy decisions, as it provides insights into the overall level of economic activity in the country.
Q: Are there update delays or limitations?
A: The data is typically released with a short delay, and there may be occasional revisions or limitations in the underlying survey information.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia (PRMNTO01CZQ661N), retrieved from FRED.